exhibit102






 

 

 

 
1 
EXHIBIT 10.2 
AMENDMENT NO. 3 TO THE 
QUAKER HOUGHTON 

RETIREMENT SAVINGS 
PLAN 
 
(As Amended and Restated January 1, 2020) 
 
WHEREAS
,  Quaker  Chemical  Corporation  d/b/a  Quaker  Houghton  (the  “Company”)  adopted  the 
Quaker Houghton Retirement Savings Plan, as amended and restated 
effective January 1, 2020, and as 
amended 
on two occasions thereafter (the “Plan”); 

 
WHEREAS
, the 
Company desires 
to amend 
the Plan 
to change 
the investment 
direction of 
matching 
contributions and nonelective contributions, and to make certain other clarifying changes; and 
 
WHEREAS
, pursuant to 
Section 8.1 of 
the Plan, the 
Retirement Savings Plan 
Committee has the 
right 
to amend the Plan at any time, subject to certain inapplicable limitations. 
 
NOW, 
THEREFORE
, effective 
as of 
April 17, 
2020, the 
Plan shall 
be, and 
hereby is, 
amended as 
follows: 
 
1.
 
The last paragraph of Section 4.4(a) (“Matching Contributions”) is amended to read as follows: 
“Effective with 
the Elective 
Contributions taken 
from the 
paycheck for the 
first pay 
date on 
or 
after April 17, 
2020, the Matching 
Contribution may be 
made in cash 
or in Company 
Securities in the 
sole discretion of the Administrator. 
Matching Contributions made in cash will be invested according 
to 
the direction 
of the 
Participant, Beneficiary, 
or alternate 
payee under 
Section 4.13(a). 
To the 
extent a 
Matching Contribution is 
made in Company 
Securities, the contribution 
shall be invested 
in the Quaker 
Stock Fund, 
subject to 
any subsequent 
reapportionment direction 
of the 
Participant, Beneficiary, 
or 
alternate payee under Section 4.13(e).” 
2.
 
Section 4.5(c) (“Employer Nonelective Contributions”) is amended to read 
as follows: 
(c)       Investment. 
Effective 
with 
the first 
pay date 
on or 
after 
April 
17, 2020, 
the 
Nonelective 
Contribution 
may be made in cash or in Company Securities in the sole discretion of the 
Administrator. 
Nonelective Contributions made in cash will be invested according to the direction of 
the Participant, Beneficiary, or alternate payee under Section 4.13(a). 
To the extent Nonelective 
Contributions are made in Company Securities, the contribution shall be invested in the Quaker Stock 
Fund, subject to any subsequent reapportionment direction of the Participant, Beneficiary, or alternate 
payee under Section 4.13(e). 
3.
 
Section 4.13(a) (“Investment of Aggregate Accounts”) is amended to read as follows: 
(a)       Participant 
Directed. 
Every 
Participant, 
Beneficiary, 
and alternate 
payee 
shall 
have 
the right 
to designate 
the investment 
category 
or categories 
in which 
the Trustee 
is to invest 
his or 
her Aggregate 
Account 
including, 
pursuant 
to Section 
4.13(e), 
any contributions 
that are 
initially 
invested 
in the Quaker 
Stock 
Fund 
at the time of 
contribution 
pursuant 
to Section 
4.4(a) 
or Section 
4.5(c). 
4.
 
Section 4.13(e) (“Investment of Aggregate Accounts”) is amended to read as follows: 
(e)       Investment 
Direction – Reapportionment of Aggregate Account. 
A Participant, 






 

 

 

 

 

 
2 
Beneficiary, 
or alternate 
payee 
may, 
subject 
to the 
Company’s 
insider 
trading 
policy 
or other 
restriction(s) 
imposed 
by the 
Company 
pursuant 
to Sections 
4.13(m) 
or 4.13(n), 
on any 
business 
day, 
by giving 
notice 
in the manner 
prescribed 
by the Trustee, 
transfer 
all or any portion 
of the 
assets 
held on 
his or 
her behalf 
in any 
investment 
category 
or categories 
to any 
other 
category 
or 
categories 
then 
provided, 
including 
any contributions 
that are 
initially 
invested 
in the 
Quaker 
Stock 
Fund 
at the 
time 
of contribution 
pursuant 
to Section 
4.4(a) 
or Section 
4.5(c). 
 
IN WITNESS WHEREOF
, Quaker Chemical Corporation d/b/a Quaker Houghton has caused these 
presents to be duly executed on this __30____ day of _____April_________, 2020. 
 
 
 
QUAKER CHEMICAL CORPORATION 

 
D/B/A QUAKER HOUGHTON 
 
 
Attest: 
____/s/ Victoria K. Gehris__________________    By: 
_______/s/_Robert T. Traub 
_______________